Agenda - 08-15-2000-8d - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: August 15, 2000 Action Agenda Item No. SUBJECT: Establish Public Hearing Date on 2001 Schedule of Values _ DEPARTMENT: Assessor's Office PUBLIC HEARING: (Y/N) No ATTACHMENT(S): None INFORMATION CONTACT: John Smith, ext 2101 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel Hill 968-4501 Durham 68$-7331 Mebane 336-227-2031 PURPOSE: To schedule a public hearing on the "schedule of values" for the 2001 real property revaluation. BACKGROUND: Orange County will conduct its next revaluation of real property to take effect January 1, 2001. The previous revaluation took effect on January 1, 1997. Under NCGS 105- 317, one of the statutory requirements of a revaluation is that the Board of Commissioners must conduct a public hearing on the schedule of values at least seven (7) days prior to their adoption of the schedule. The schedule of values allows the County Assessor and his staff to consider all of the various factors which enter into the total market value of a piece of real property -far example, lot size; square footage of living space; number of bedrooms and bathrooms; quality of construction and materials; and physical depreciation, to name just a few. The Assessor recommends that the Board establish a public hearing on the schedule of values for Tuesday, September 19, 2000, at the Southern Human Services Center in Chapel Hill at 7:30 pm. The Assessor further recommends that the Board plan to consider adoption of the schedule of values at the October 3, 2000 regular meeting of the Board of Commissioners. Following this schedule would support the Assessor's current plans to mail valuation notices to property owners between mid-November and early December. During the next few months, the Assessor and his staff will undertake a public information effort to promote better understanding among property owners of how the revaluation and appeals processes work in North Carolina, with details of this effort to follow. A brief presentation on the revaluation process is planned in conjunction with the proposed September 19 public hearing.